BetonSports
Website
Online gambling moves need traditional backingDavid Carruthers, then chief executive of London-traded BetonSports, once wrote an op-ed piece supporting the US legalisation of sports betting, while his company secretly controlled the industry group the Offshore Gaming Association. The... In this article: Robert Menendez, Harry Reid, David Carruthers, Barney Frank, Chief Executive, and Poker Players Alliance |
-
The Matador | November 21, 2009
To all online sports gambling site owners
...telephone lines and the Internet. Funds were sent from U.S. customers to BetonSports operations outside the United States and BetonSports sent winnings from outside the U.S. to its U.S. customers. "Kaplan was unique in the scope and...
In this article: United States, Wire Wager Act, Costa Rica, and Miami, Florida
-
BBC News | November 02, 2009
Online gambling boss jailed in US
...charges of fraud and racketeering related to his company, BetOnSports. The company encouraged American gamblers to place bets online, an illegal practice in the US. Prosecutors say that Gary Kaplan still has millions of dollars in Swiss...
In this article: Online gambling, US, Costa Rica, London Stock Exchange, Antigua, Caribbean, and St Louis, Missouri
-
Yahoo! News | November 03, 2009
Founder of Online Sports Betting Business Sentenced (PC World)
...than $1 billion, the DOJ said. In mid-2004, Kaplan took BetOnSports public on the London Alternative Investment Market, and the initial public offering netted him more than $100 million, the DOJ said. "Kaplan was unique in the scope and...
In this article: DOJ, Wire Wager Act, United States, Yahoo, Costa Rica, Miami, Florida, and Missouri
-
Yahoo! News | November 03, 2009
BetOnSports founder gets 51 months in U.S. prison (Reuters)
...said in a statement. "Today, Kaplan lost that wager." BetOnSports ceased operations in 2006, and customers lost between $7 million and $20 million, the Justice Department has said. Kaplan admitted in court that beginning in the mid- to...
In this article: Reuters Limited, U.S., Justice Department, St. Louis, All rights reserved, U.S. attorney, London Stock Exchange, and Yahoo
-
PC World: Latest Technology News | November 03, 2009
Founder of Online Sports Betting Business Sentenced
...Web sites, including BetOnSports.com, the DOJ said. BetOnSports advertised "heavily" to solicit U.S. residents to place sports wagers by telephone and over the Internet, the DOJ said. Kaplan's toll-free telephone lines terminated in...
In this article: DOJ, United States, Wire Wager Act, Costa Rica, Miami, Florida, Missouri, and Racketeer Influenced and Corrupt Organizations
Trends
Loading...
More on BetonSports
Description from Wikipedia:
BetonSports plc is a British online gambling company founded by Gary Kaplan in 1995. The company was one of the biggest players in the United States online gaming market, drawing in several billion US dollars in wagers in the early 2000s. In June 2006 US authorities indicted the company and a number of its executives on RICO, mail fraud, and tax evasion charges arising from its supplying online betting to customers in the United States (the alleged crimes took place before the adoption of the Unlawful Internet Gambling Enforcement Act of 2006). No date for trial has been set; several of those indicted remain in US custody or on bond.
In July 2004 the company was floated on the Alternative Investment Market of the London Stock Exchange with the ticker symbol BSS.LN. Although listed in London, the majority of its operations were in several Caribbean locations (principally Aruba, Antigua, and later Costa Rica) and almost all of its customers were within the United States.
In July 2006 the United States District Court for the Eastern District of Missouri issued a sealed indictment of the company and a number of people related to its operations. The indictment was unsealed later that month when CEO David Carruthers was arrested in Dallas while returning to Costa Rica after attending the company's
annual general meeting in London; Carruthers is under house arrest in Missouri awaiting trial - he and his co-accused have entered "not guilty" pleas. Shortly after Carruthers' arrest trading in the company's stock was suspended. At that time BetonSports employed around 2000 workers in Costa Rica. The company later terminated Carruthers and agreed to discontinue its US business.
Explore everything named BetonSports...